Market is driven by rising healthcare expenditure and government support for control of infectious disease
Infectious disease such as malaria, tuberculosis, hepatitis B, influenza, HIV/AIDS etc. are rapidly spreading infectious disease and are becoming major concern the healthcare professionals and society.
The infective disease are more severe in nature and presenting huge burden as well as highly contributing to death globally. Every year, due to infectious disease millions of people die worldwide.
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To prevent the rapidly spreading infectious disease, anti-infective vaccines are the most prevailing health measure taken by healthcare system. Due to rising resistance to antibiotics, majorly companies are focusing on developing vaccines for infectious disease.
Hepatitis (Recombivax HB, Havrix, Engerix-B), influenza (Fluarix, Fluzone, FluMist), polio (IPOL), malaria (RTSS), tuberculosis (BCG) are the some examples of anti-infective vaccines available in market.
The global market of Anti-Infective Vaccines is classified on the basis of product type, disease type, end user and geography. The product type segment is further segmented as attenuated or live Vaccines, Inactivated Vaccines, recombinant vector & DNA Vaccines, and Others (toxoid, subunit, conjugate vaccines).
Live attenuated vaccines are formed by amending a disease-producing bacterium or virus in a laboratory. The consequential vaccine organism, holds capability to replicate and produce immunity.
Inactivated vaccines are formed by mounting the virus or bacterium in cell culture media, then incapacitating it with chemical or heat. Inactivated vaccines cannot replicate and are not alive.
The global anti-infective vaccines market, on the basis of disease type is segmented as, viral diseases, and bacterial disease. Viral disease segmented is further segmented as, polio vaccine, influenza vaccines, hepatitis vaccines, rabies vaccine, and others.
The bacterial disease segment is further sub segmented as, Tuberculosis Vaccines, Typhoid Vaccines, Diphtheria and Tetanus vaccines, plague vaccines, anthrax vaccines, and others. The viral disease segment is expected to register high percent share in global anti-infective vaccines market.
On the basis of end user, global anti-infective vaccines market is segmented as, hospitals (government and private), clinics, and others. Hospitals segment is expected to register high market share in global anti-infective vaccines market.
Geographically the global market for anti-infective vaccines is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to register high market share in global anti-infective vaccines owing to higher purchasing power for costly vaccines and existence of highly planned healthcare reimbursement schemes and higher purchasing power for expensive vaccines in the region.
Asia pacific is expected to register high CAGR during forecast period owing to rising healthcare expenditure and government support for control of infectious disease. Latin America and Middle East & Africa are shown least market share in global anti-infective vaccines market due less awareness about vaccination in the regions.
Rising prevalence of new developing diseases, infectious diseases, and resistance to existing anti-infective therapies are the key driving factors contributing in growth of global anti-infective vaccines market. Conversely, increasing health awareness, rising demand for control for infectious disease, continuous advancement of medical technology, are expected to boost the growth of global anti-infective vaccine market over estimated period.
However, high cost of vaccination, unviability of anti-infective vaccines in undersized regions may affect growth of global anti-infective vaccines market.
The key player of global anti-infective vaccines market are, Sanofi, Merck & Co, Inc., GlaxoSmithKline plc., Novartis AG, Barr Labs, Inc., Organon Teknika Corp LLC, Emergent BioDefense Operations Lansing Inc., ID Biomedical Corp., Berna Biotech, Ltd., MedImmune LLC, and others. The increasing demand for vaccines for various infectious disease owing to resistance to antibiotics therapy are contributing significantly in investment of key players for vaccine development for infectious disease.
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